[ToddT]

Yes i'm aware of it, the reason for it is because the minium payment rate the CC companies are using now is a marketing gimick to get ppl to charge more, so the CC companies can rake in more money. the result has been far to many ppl accumulating far to much debt. the downside of this is alot of those same ppl probably can't afford the increseased minimum. (under the right circumstances the current minium can actully result in you going further in debt every month with out buying a thing, neat, huh)
One reason i'm thankful i'm what the CC compaines call a dead beat, i carry no balances.